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Technology Focus - AIR updates storms model for European coverage.
(From Reinsurance)
AIR's weather program uses patterns to simulate a range of weather and help to model wind storms.
US-based risk modeling firm AIR Worldwide has introduced the latest version of its European extratropical cyclone model.
The model is a weather prediction program to help (re)insurers to manage risk from European winter storms. It combines a number of features, including weather prediction, damage estimates based on data from past storms and an update of AIR's property value database for Europe.
It can also include specific factors, like a country's climate, regional building features, engineering practice and socio-economic factors, such as the number of people living in areas along the potential path of a storm.
The model uses numerical weather pattern (NWP) software, which simulates a wide range of weather patterns, such as fronts, thunderstorm downdrafts and gravity waves, using environmental physics and complex numerical techniques.
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